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Skillings' mining and market Cetlcr
PUBLISHED EVERY SATURDAY MORNING
VOLUME III.
DULUTH, MINNESOTA, AUGUST 8, 1914.
No. 11.
VIEWS OP THE BANKERS.
Duluth bankers are convinced that the war
in Europe will be brief, as great wars go,
and that any unfavorable effects which, for
the immediate future, may be experienced in
the United States, will quickly be replaced
with normal, and probably much improved
conditions. David Williams, vice president
of the Frsit National Bank, says:
"The first effect of the great war in Europe
upon business in the United States is that of
a shock. In the course of 30 days, I should
judge, we shall begin to experience improvement, and a good general effect. I should
judge that business will be much stimulated.
"The conditions abroad, arising from the
war, may be expected to act much as a high
protective tariff as far as the United States is
concerned. Prices of food supplies may be
expected to advance, and manufacturing in
this country will expand under the temporary
absence of foreign competition.
"As far as the financial situation in the
United States is concerned the banks are
rapidly geeting in position to resume full
currency payments by securing emergency
currency through the currency associations,
as provided for in the new banking act. As
soon as this can be accomplished through
the United States treasury, after the placing
of proper collateral, the business of this
country should at once become norma1, and
show improvement as the war abroad continues."
CALUMET- R. P. Burgan, president of
SONORA the Calumet Sonora Milling
M. & M. CO. & Mining company, will arrive in the city tomorrow to attend a meeting of the directors next Tuesday. He is very
enthusiastic in regard to the outlook of their
property, but the future of operations in the
Sonora district cannot be counted on until
the Green Cananea is in full operation. The
Calumet-Sonora property is known to be one
of the most valuable properties in that district. Three of the leases are opening up
rapidly with fine prospect.
CALUMET Production of blister copper
& ARIZONA from the Calumet & Arizona
MINING CO. smelter for the month of July
was 7,288,000 pounds.
CUYUNA- The most recent reports from
SULTANA Capt. Kitto, in charge of the
IRON CO. shaft operations, states that he
is in 10 feet in the drift from the 85-foot
level. Analysis from three samples from the
drift taken at a distance of six feet from the
shaft show a manganese content of oer 20%,
combined metals 52 to 57% and phos. all
below .$36.
Hole Nq. 21 was discontinued at a depth of
315 feet while working in especially promising manganiferous ore. This outfit will be
moved to the northeast corner of the tract.
Hole "No. 23 is down 130 feet and has been
working high grade iron ore from a depth of
60 feet.
The drill on the Vermilion range is down
480 feet and reports are favorable.
President L. L. Culbertson and Capt. A.
R. McGuire have been on the Cuyuna property the latter part of the week with a party
of financial men from the Twin Cities.
PROMINENT MINING MAN IS CALLED,
Donald M. Philbin, whose death in Duluth
was announced this week, was one of the
most remarkable men that ever lived. It is
sad to relate that he spent the remaining balance of his health in trying to acquire the
pleasure and satisfaction which a successful
THE LATE DONALD M. PHILBIN.
life meant. Mr. Philbin acquired both fame
and fortune. He was a big factor in what is
known as the Hill ore lands, he was perhaps
the greatest expert that ever lived on ore
transportation. Mr. Philbin was 56 years of
age and his generous nature was exemplified
by a remark that was made many years ago
when he said in speaking of the old St. Paul
& Duluth railroad men: "On that road are
four great men, A. B. Plough, W. W. Brough-
ton, Cal Stone and E. L. Brown."
Mr. Plough is dead, but all of these men are
still prominent either in the railroad business
or other important lines.
In the early days of the Missaba range
when Mr. Philbin was superintendent of the
Duluth, Missabe and Northern railroad, when
John D. Rockefeller bought into that rich
territory, Mr. Philbin one day received in his
mail a letter from Mr. RockefeUer, a letter
in which he stated that he thought he was
getting quite a big money for a man running
a railroad in the wilderness. In reply to this
letter Mr. Philbin said as near as we know:
"You can not take one dollar off of my
salary, nor one letter off of my title."
D. M. Philbin cut the biggest figure in
what is now known as the Hill ore lands. He
was the man who called the attention of
James J. Hill to the opportunities which
existed in 1908 from shipping westward at
that time. It is even said that Mr. Philbin
made a special trip from St. Paul to New
York to urge upon Mr. Hill the opportunities
which at that time existed.
CUYUNA IKON The Jones & Laughlin
& MANGANESE Steel company through
ORE COMPANY their subsidiary, the Inter-
State Iron company, has two drills working on
the property of this company and at last report both drills were working in some very
good ore, samples from both holes run over
60% in iron and some as high as 65%. The
silic is very low, running only about 2% to
5%, this alone is very gratifying to the management as many of the ores of the Cuyuna
run very high in silica but it is not the case
in the property of the Cuyuna Iron & Manganese Ore company.
It is a noticeable fact that it is easy to
turn a good property on the Cuyuna range
providing the ore is there. This is strongly
examplified in the case of this company, as
they have, without doubt, made the quickest
work of any company operating o nthe range.
An option was taken on the first day of May,
1913, drills were started and the ore body
shown up in 12 months, an option to lease
was given the Interstate Iron company immediately and in two months they had drills
working, making the entire time of drilling
and turning the property, but 14 months, the
shortest time that any company has had to
drill and turn their property.
The surface over the ore is shallow, similar to that over the Pennington mine, which
adjoins, and it is reported that when the property is opened up it will be by the open pit
method and another big stripping mine added
to the list of 1915 shippers.
ONAHMAN Captain Brindos arrived in Du-
IRON luth on the 5th inst. Since his
COMPANY last report the conditions in pit
22 have become better from every standpoint.
He says that the ore ledge has widened to
such an extent that it covers the entire bottom of the pit, and the ore seems to be cleaning up, as the iron pyrites are less in evidence
than at any time prior in the sinking of this
pit.
The intrusions of green rock encountered
first in this pit, have entirely disappeared, and
the formation is assuming a more uniform appearance. No water has yet been encountered,
and from this fact it may be possible that
(Continued on Page 2)

Skillings' mining and market Cetlcr
PUBLISHED EVERY SATURDAY MORNING
VOLUME III.
DULUTH, MINNESOTA, AUGUST 8, 1914.
No. 11.
VIEWS OP THE BANKERS.
Duluth bankers are convinced that the war
in Europe will be brief, as great wars go,
and that any unfavorable effects which, for
the immediate future, may be experienced in
the United States, will quickly be replaced
with normal, and probably much improved
conditions. David Williams, vice president
of the Frsit National Bank, says:
"The first effect of the great war in Europe
upon business in the United States is that of
a shock. In the course of 30 days, I should
judge, we shall begin to experience improvement, and a good general effect. I should
judge that business will be much stimulated.
"The conditions abroad, arising from the
war, may be expected to act much as a high
protective tariff as far as the United States is
concerned. Prices of food supplies may be
expected to advance, and manufacturing in
this country will expand under the temporary
absence of foreign competition.
"As far as the financial situation in the
United States is concerned the banks are
rapidly geeting in position to resume full
currency payments by securing emergency
currency through the currency associations,
as provided for in the new banking act. As
soon as this can be accomplished through
the United States treasury, after the placing
of proper collateral, the business of this
country should at once become norma1, and
show improvement as the war abroad continues."
CALUMET- R. P. Burgan, president of
SONORA the Calumet Sonora Milling
M. & M. CO. & Mining company, will arrive in the city tomorrow to attend a meeting of the directors next Tuesday. He is very
enthusiastic in regard to the outlook of their
property, but the future of operations in the
Sonora district cannot be counted on until
the Green Cananea is in full operation. The
Calumet-Sonora property is known to be one
of the most valuable properties in that district. Three of the leases are opening up
rapidly with fine prospect.
CALUMET Production of blister copper
& ARIZONA from the Calumet & Arizona
MINING CO. smelter for the month of July
was 7,288,000 pounds.
CUYUNA- The most recent reports from
SULTANA Capt. Kitto, in charge of the
IRON CO. shaft operations, states that he
is in 10 feet in the drift from the 85-foot
level. Analysis from three samples from the
drift taken at a distance of six feet from the
shaft show a manganese content of oer 20%,
combined metals 52 to 57% and phos. all
below .$36.
Hole Nq. 21 was discontinued at a depth of
315 feet while working in especially promising manganiferous ore. This outfit will be
moved to the northeast corner of the tract.
Hole "No. 23 is down 130 feet and has been
working high grade iron ore from a depth of
60 feet.
The drill on the Vermilion range is down
480 feet and reports are favorable.
President L. L. Culbertson and Capt. A.
R. McGuire have been on the Cuyuna property the latter part of the week with a party
of financial men from the Twin Cities.
PROMINENT MINING MAN IS CALLED,
Donald M. Philbin, whose death in Duluth
was announced this week, was one of the
most remarkable men that ever lived. It is
sad to relate that he spent the remaining balance of his health in trying to acquire the
pleasure and satisfaction which a successful
THE LATE DONALD M. PHILBIN.
life meant. Mr. Philbin acquired both fame
and fortune. He was a big factor in what is
known as the Hill ore lands, he was perhaps
the greatest expert that ever lived on ore
transportation. Mr. Philbin was 56 years of
age and his generous nature was exemplified
by a remark that was made many years ago
when he said in speaking of the old St. Paul
& Duluth railroad men: "On that road are
four great men, A. B. Plough, W. W. Brough-
ton, Cal Stone and E. L. Brown."
Mr. Plough is dead, but all of these men are
still prominent either in the railroad business
or other important lines.
In the early days of the Missaba range
when Mr. Philbin was superintendent of the
Duluth, Missabe and Northern railroad, when
John D. Rockefeller bought into that rich
territory, Mr. Philbin one day received in his
mail a letter from Mr. RockefeUer, a letter
in which he stated that he thought he was
getting quite a big money for a man running
a railroad in the wilderness. In reply to this
letter Mr. Philbin said as near as we know:
"You can not take one dollar off of my
salary, nor one letter off of my title."
D. M. Philbin cut the biggest figure in
what is now known as the Hill ore lands. He
was the man who called the attention of
James J. Hill to the opportunities which
existed in 1908 from shipping westward at
that time. It is even said that Mr. Philbin
made a special trip from St. Paul to New
York to urge upon Mr. Hill the opportunities
which at that time existed.
CUYUNA IKON The Jones & Laughlin
& MANGANESE Steel company through
ORE COMPANY their subsidiary, the Inter-
State Iron company, has two drills working on
the property of this company and at last report both drills were working in some very
good ore, samples from both holes run over
60% in iron and some as high as 65%. The
silic is very low, running only about 2% to
5%, this alone is very gratifying to the management as many of the ores of the Cuyuna
run very high in silica but it is not the case
in the property of the Cuyuna Iron & Manganese Ore company.
It is a noticeable fact that it is easy to
turn a good property on the Cuyuna range
providing the ore is there. This is strongly
examplified in the case of this company, as
they have, without doubt, made the quickest
work of any company operating o nthe range.
An option was taken on the first day of May,
1913, drills were started and the ore body
shown up in 12 months, an option to lease
was given the Interstate Iron company immediately and in two months they had drills
working, making the entire time of drilling
and turning the property, but 14 months, the
shortest time that any company has had to
drill and turn their property.
The surface over the ore is shallow, similar to that over the Pennington mine, which
adjoins, and it is reported that when the property is opened up it will be by the open pit
method and another big stripping mine added
to the list of 1915 shippers.
ONAHMAN Captain Brindos arrived in Du-
IRON luth on the 5th inst. Since his
COMPANY last report the conditions in pit
22 have become better from every standpoint.
He says that the ore ledge has widened to
such an extent that it covers the entire bottom of the pit, and the ore seems to be cleaning up, as the iron pyrites are less in evidence
than at any time prior in the sinking of this
pit.
The intrusions of green rock encountered
first in this pit, have entirely disappeared, and
the formation is assuming a more uniform appearance. No water has yet been encountered,
and from this fact it may be possible that
(Continued on Page 2)